4735.06
Broker's license application.

(A)
Application for a license as a real estate broker shall be made to the
superintendent of real estate on forms furnished by the superintendent and
filed with the superintendent and shall be signed by the applicant or its
members or officers. Each application shall state the name of the person
applying and the location of the place of business for which the license is
desired, and give such other information as the superintendent requires in the
form of application prescribed by the superintendent.

If the applicant is a
partnership, limited liability company, limited liability partnership, or
association, the names of all the members also shall be stated, and, if the
applicant is a corporation, the names of its president and of each of its
officers also shall be stated. The superintendent has the right to reject the
application of any partnership, association, limited liability company, limited
liability partnership, or corporation if the name proposed to be used by such
partnership, association, limited liability company, limited liability
partnership, or corporation is likely to mislead the public or if the name is
not such as to distinguish it from the name of any existing partnership,
association, limited liability company, limited liability partnership, or
corporation licensed under this chapter, unless there is filed with the
application the written consent of such existing partnership, association,
limited liability company, limited liability partnership, or corporation,
executed by a duly authorized representative of it, permitting the use of the
name of such existing partnership, association, limited liability company,
limited liability partnership, or corporation.

(B)
A fee of one hundred dollars shall accompany the application for a real estate
broker's license. The initial licensing period commences at the time the
license is issued and ends on the applicant's first birthday thereafter.
However, if the applicant was an inactive or active salesperson immediately
preceding application for a broker's license, then the initial licensing period
shall commence at the time the broker's license is issued and ends on the date
the licensee's continuing education is due as set when the applicant was a
salesperson. The application fee shall be nonrefundable. A fee of one hundred
dollars shall be charged by the superintendent for each successive application
made by an applicant. In the case of issuance of a three-year license, upon
passing the examination, or upon waiver of the examination requirement, if the
superintendent determines it is necessary, the applicant shall submit an
additional fee determined by the superintendent based upon the number of years
remaining in a real estate salesperson's licensing period.

(C)
One dollar of each application fee for a real estate broker's license shall be
credited to the real estate education and research fund, which is hereby
created in the state treasury. The Ohio real estate commission may use the fund
in discharging the duties prescribed in divisions (E), (F), (G), and (H) of
section 4735.03 of the Revised Code and
shall use it in the advancement of education and research in real estate at any
institution of higher education in the state, or in contracting with any such
institution or a trade organization for a particular research or educational
project in the field of real estate, or in advancing loans, not exceeding two
thousand dollars, to applicants for salesperson licenses, to defray the costs
of satisfying the educational requirements of division (F) of section
4735.09 of the Revised Code.
Such loans shall be made according to rules established by the commission under
the procedures of Chapter 119. of the Revised Code, and they shall be repaid to
the fund within three years of the time they are made. No more than
twenty-five thousand dollars shall be lent from the
fund in any one fiscal year.

The governor may
appoint a representative from the executive branch to be a member ex officio of
the commission for the purpose of advising on research requests or educational
projects. The commission shall report to the general assembly on the third
Tuesday after the third Monday in January of each year setting forth the total
amount contained in the fund and the amount of each research grant that it has
authorized and the amount of each research grant requested. A copy of all
research reports shall be submitted to the state library of Ohio and the
library of the legislative service commission.

(D)
If the superintendent, with the consent of the commission, enters into an
agreement with a national testing service to administer the real estate
broker's examination, pursuant to division (A) of section
4735.07 of the Revised Code, the
superintendent may require an applicant to pay the testing service's
examination fee directly to the testing service. If the superintendent requires
the payment of the examination fee directly to the testing service, each
applicant shall submit to the superintendent a processing fee in an amount
determined by the Ohio real estate commission pursuant to division (A)(2) of
section 4735.10 of the Revised
Code.